Shanthi Gears Q2 net profit falls 16%

CHENNAI: Murugappa Group company Shanthi Gears Limited (SGL), a subsidiary of Tube Investments of India Limited (TII), saw its Q2FY26 net profit decrease by 16% to Rs 21.5 crore from Rs 25.6 crore in the year-ago quarter.

Revenue from operations shrunk to Rs 132 crore from Rs 155 crore. Profit before tax for the quarter was Rs 28.7 crore as against Rs 34.3 crore. The company achieved a return on average invested capital of 46% in Q2FY26 and generated free cash flow of Rs 12.7 crore during the quarter. It also booked orders worth Rs 138 crore, up 7%. Unexecuted order book as on Sept 30, 2025, was Rs 254 crore.